It has become much harder in this day and age to emerge from the poverty into the middle class. The numbers for the poor will continue to rise, but there is a way that these numbers can decrease. With the help of small factories the people in poverty have the chance to become more profitable and gain more money than they would working in fast food chains.
looking into the PEST analysis we can see that the E (Economic Factors), are mainly affected by this statement, and can be viewed into a better understanding of why small factories should continue to give jobs to those people in poverty.
Economic Factors
- Decrease Unemployment rate, increasing middle class
- Stimulate the economy
- Stronger society, creating a more efficient society
This that could help to effect from a Political stand point.
Political Factors
- Lower taxation on products produced from smaller factories
- Increase tariffs on imported products to increase the world price
- Increase employment laws on small factories
When the company’s begin to start employing more people with in poverty the market will spike in-return increasing the economic growth within those areas causing unemployment and the poverty levels to decrease.